China's dyed fabric output in 2024 showed year-on-year growth
According to data from the National Bureau of Statistics, from January to December 2024, large-scale enterprises in the dyeing and finishing industry Printed and dyed fabric production increased by 3.28% year-on-year, with the growth rate increasing by 0.34 percentage points compared to the first three quarters. In the fourth quarter, the production situation in the dyeing and finishing industry gradually improved, with the output of dyed fabrics increasing month by month and maintaining above 5 billion meters per month. In December, the output of dyed fabrics reached 5.931 billion meters, a year-on-year increase of 6.01%, the highest level since March. From the production side, affected by the recent implementation of a package of policies to expand domestic demand and increase supply, the recovery of the industry's production in December has accelerated significantly; from the demand side, since 2024, China's domestic consumption of textiles and clothing has achieved moderate growth, supporting the recovery of the dyeing and finishing industry's production, but the growth rate of various domestic sales indicators has gradually slowed down, and the upward trend of terminal consumption is not yet stable. For the whole year, the total retail sales of clothing, shoes, hats, and knitted textiles by above-scale units increased by 0.3% year-on-year, and the online retail sales of clothing increased by 1.5% year-on-year, with the growth rate falling by 12.6 and 9.3 percentage points respectively compared to the previous year. Affected by the slow recovery of textile and clothing consumption, the growth rate of China's dyed fabric output showed a trend of "fluctuation and decline in the first half of the year, and gradual stabilization in the second half of the year".
Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.
Tongzhou Cotton Market Brief, Week 1 of March 2025
1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.
In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.
On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.
Henan Tongzhou Cotton Industry Co., Ltd.
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